The essence of digital economy

The essence of digital economy lies in informatization.

Informatization is a social and economic process of the transformation from industrial economy to information economy triggered by the revolution of production tools such as computer and Internet.

Specifically, informatization includes the industrialization of information technology, the informatization of traditional industries, the informatization of infrastructure, the informatization of lifestyle and so on.

The essence of digital economy lies in informatization. Informatization is a social and economic process of the transformation from industrial economy to information economy triggered by the revolution of production tools such as computer and Internet.

Specifically, informatization includes the industrialization of information technology, the informatization of traditional industries, the informatization of infrastructure, the informatization of lifestyle and so on.

Information industrialization and industrial informatization, that is, the production and application of information, are two key aspects. Information production needs to develop a series of high-tech information technologies and industries, involving not only the manufacture of microelectronic products, communication equipment and facilities, computer software and hardware, network equipment, but also the collection, processing and storage of information and data.

The application of information technology in the economic field is mainly manifested in the transformation and upgrading of traditional industries such as agriculture, industry and service industry with information technology.